In a bold move that has captured the attention of the cryptocurrency community, a prominent Bitcoin whale has initiated a massive long position on the Hyperliquid platform, leveraging 40x on a staggering $1.12 billion bet. This high-stakes gamble underscores a significant vote of confidence in Bitcoin’s short-term price trajectory.
The whale, identified by the address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6, entered the position at an average price of $94,292.60. As of now, the position is yielding an unrealized profit of approximately $20 million, reflecting the recent upward momentum in Bitcoin’s price.
This isn’t the first time this trader has made headlines. In early May 2025, the same address opened a $136.91 million long position at $96,629.40 with 40x leverage, demonstrating a consistent strategy of aggressive leveraged trading.
The broader market context adds layers to this development. Hyperlink’s platform currently hosts whale positions totaling over $2.7 billion, with a nearly even split between long and short positions. This balance indicates a market teetering between bullish and bearish sentiments, making such leveraged positions particularly risky.
While the whale’s current position is profitable, the use of 40x leverage means that even minor adverse price movements could lead to significant losses. The liquidation price for such a position is perilously close, emphasizing the high-risk nature of this trading strategy.
As Bitcoin continues to exhibit volatility, the crypto community watches with bated breath to see whether this audacious bet will pay off or serve as a cautionary tale about the perils of high-leverage trading.
Note: All financial figures are based on the latest available data and are subject to rapid change due to market volatility.
